Having both an ETF and BAKKT during a bear market is the perfect time for institutional investors to jump in. These guys are smart with their money, they know not to jump in at the top, only when there is blood on the streets and right now there is plenty of blood!
they have a lot of money because they are smart, imagine that they take 1 billion dollars and invest now and hold for the next 3 years, they know that 1 billion dollars had become a lot of money in those 3 years. Who has a lot of money to invest has more advantages. A guy who buys $1000 in bitcoin and hold for 3 years to make $3000 profit, after going through the choke of price ups and downs, the guy at the end just has a small profit ( $3000 ) but these Rich guys can buy many bitcoin and hold for 3 years, they spend holidays in the Bahamas and after 3 years they look at their money in the wallet and they see big profit and they can afford to spend other holidays
FOr to me I dont even know whether is the real bullish race or just to deceive us.
better think of the second option